Have not followed the money trail on the private foundation that commandeered the study yet so………..
Comments »Monthly Archives: December 2012
Removing Buzzwords From Your Resume Will Help You Immensely
1. Creative
2. Organizational
3. Effective
4. Motivated
5. Extensive experience
6. Track record
7. Innovative
8. Responsible
9. Analytical
10. Problem solving
The Posturing Phase is Over, Details Developing
“With little to show after a month of posturing, the White House and Republicans in Congress dropped hints on Thursday that they had resumed low-level private talks on breaking the stalemate over the fiscal cliff but refused to divulge details.
A day after a phone conversation between President Barack Obama and John Boehner, the Republican speaker of the House of Representatives, appeared to kick-start communications, both sides used similar language to describe the state of negotiations but imposed a media blackout on developments.
“Lines of communication remain open,” White House spokesman Jay Carney told reporters when pressed on whether staff talks were taking place to avoid the steep tax hikes and budget cuts set for the first of next year unless the parties agree on a way to stop them.
Asked the same question, Boehner spokesman Michael Steel also said “lines of communication are open.”
The acknowledgement, even without signs of anything approaching a breakthrough, passed for encouraging news after a week of public maneuvering on the fiscal cliff by both sides to gain the maximum political and public relations advantage.
Republicans have worried publicly and privately that they are losing the war of appearances in the battle over the cliff.
On Thursday, another poll showed Republicans may have reason to worry about public perception. A Quinnipiac University survey found respondents trust Obama and Democrats more than Republicans on the cliff talks by a wide margin – 53 percent to 36 percent.
In both public statements and private encounters, Obama has tried to encourage Republicans wavering from the position of the party leadership.
Republican Representative Tom Cole, who last week broke ranks with his party and agreed to accept higher tax rates on the richest Americans, said Obama took him aside at a White House Christmas party on Monday and joked about the criticism Cole had received from Republicans.
“The president pulled me over and he said, ‘Cole, come closer, I want to see the bruises,'” Cole told Reuters. “He said, ‘Seriously, I will go further on this thing than you guys think. I know we can get something done.'”
While other Republicans have questioned Obama’s commitment, Cole said, “I take him at his word,” adding: “The best is to get to that discussion as quickly as we can.”
‘SOLVABLE PROBLEM’ ”
Comments »US Household Wealth Rises to Near 2007 High
“The net wealth of U.S. households rose in the third quarter to its highest since late 2007, providing a hopeful sign for future consumer spending.
Net financial wealth grew $1.72 trillion to $64.77 trillion, the Federal Reserve said Thursday.
That left household wealth $1.2 trillion short of where it stood in the fourth quarter of 2007, just as the economy was sinking into a severe recession. Wealth peaked at $67.3 trillion in the third quarter of that year.
Rising home prices helped drive the increase in the latest quarter. The value of real estate owned by households rose about $300 billion, the Fed said. Stock holdings climbed by about $520 billion…”
Comments »Asia Trades Higher on U.S. Jobless Claims
“Asian stocks climbed, with the regional benchmark index heading for its longest streak of weekly gains in three months, as fewer Americans filed applications for unemployment benefits andAustralia’s building industry shrank at a slower pace.
James Hardie Industries SE (JHX), the building materials supplier that gets about 67 percent of sales from the U.S., climbed 1.6 percent in Sydney. Commonwealth Bank of Australia, the country’s biggest lender, rose 0.9 percent. Hyundai Merchant Marine Co., South Korea’s biggest shipping company, jumped 8.7 percent after saying its studying the feasibility of building a liquefied natural gas terminal in Brazil.”
Comments »For the Freddy Kruger Files: ‘The Most Depressing Slide I’ve Ever Created’
The Sky is Pink In Harrisburg, PA: Debunking the Debunking if the Debunking is Erroneous
As i said earlier who really know what is going on in this disinformation world, but i found this quite interesting given the whole push on the energy for America campaign that has suddenly hit the idiot box over the past few weeks.
Comments »John McAfee Being Carted Off to Jail (VIDEO)
FLASH: Crazy John McAfee Hospitalized in Guatemala
This picture was snapped after John complained of chest pains. Clearly this is an elaborate rouse, which will lead to John’s epic escape from the central american scum.
Market Update
More of what you expect….circle jerk digestion trade. Still waiting on a possible fiscal cliff deal.
Oil is selling off a bit on supply concerns, gold is stabilizing after a few days of drudging while the dollar remains strong.
Markets continue to trade around headlines…..YAWN
Go eat a samich! Take 5 or 10 in this case….
RIP Dave Brubeck
[youtube://http://www.youtube.com/watch?v=S-x_f60VSC4 450 300]Comments »
BMW Recalls 30k X5s for Steering Problems
“10:45AM EST December 6. 2012 – DETROIT — BMW is recalling about 29,800 X5 SUVs in the U.S. and about 5,000 in Canada because of a badly made bolt that can fail and cause loss of power assist for the steering.
The recall covers 2009-12 X5 xDrive 35d — a model with a diesel engine and all-wheel drive.
According to BMW documents posted on the National Highway Traffic Safety Administration web site, “a bolt for the engine drive belt pulley was manufactured incorrectly and may become loose. If the bolt backs out completely or breaks, the customer will experience a loss of power steering assist.” BMW says the alternator warning light also will go on.:
Comments »This Morning’s Shakers and Movers
Fortune’s Sloan: Muni Bonds Headed for Crash
“The explosive municipal bond rally of the last four years represents a bubble that will burst, writes Allan Sloan, Fortune’s senior editor at large.
“High-grade munis … have become insanely popular and are a train wreck waiting to happen,” he writes.
“I want to warn you — yet again — about the perils of buying bonds at current prices. You should be especially wary of muni bonds trading at fat premiums above face value.”
Comments »$JMP Securities’ Trone Bearish on Major Bank Stocks
“The nation’s biggest bank stocks represent unattractive investments at this point, says David Trone, head of U.S. banks and brokers research at JMP Securities.
The debt crises in both the United States and Europe lead to that negative view.
“I don’t like the bulge bracket [big] banks at all, and it’s basically because I think the market is really highly underestimating these macro risks,” Trone tells CNBC.”
Comments »15 Stock Ideas From Star Investors
“There’s nothing like having a local guide. Whether you’re a climber trying to scale the heights of Mount Everest or an investor exploring a stock, you can benefit from the insight of a person who spends endless hours learning a particular terrain. That’s why we’ve turned this year to sage investing guides who’ve honed their expertise in a dozen sectors and stock styles, delivering lengthy records of superior performance. Read on to discover their most promising stock picks for 2013. It’s always easier to find a path when someone who knows it is there to point it out for you.”
Comments »Greenspan Says There is No Painless Solution to Debt Woes
Thanks for the fun times resulting from your watch and thank you for the insightful comments….
Comments »LOL-The Onion: $AAPL To Fix Map Software By Rearranging Earth’s Geography (VIDEO)
“We heart you, The Onion. America’s premier fake news channel has discovered Apple’s plans to fix its notoriously bad maps software by rearranging the Earth’s geography. “Apple is committed to providing the best user experience possible, which is why we are working to dismantle the Brooklyn Bridge and put London in Canada,” says Apple CEO Tim Cook, according to The Onion. Watch the full report below:”
Comments »Diamondback To Liquidate: Here Are Its Largest Holdings
“Once upon a time Diamondback was one of the most prestigious, most desired to work for hedge funds. That is no longer the case, because as Bloomberg reported moments ago, the Stamford, CT-based fund, which as recently as 2010 had nearly $6 billion in AUM, is closing down, due to concerns it could be the next SAC, and following a flurry of redemptions, has no choice but to liquidate. What equities will be dumped wholesale by the fund? Full list of top 30 holdings is presented below.
From Bloomberg…”
Comments »The Top Jobs for 2013
“Struggling to find a job? If you’re an accountant, computer systems analyst or event coordinator, there’s a good chance your luck will change in 2013.
These three professions are among the best jobs that require a bachelor’s degree for 2013, according to a new study byCareerBuilder and Economic Modeling Specialists Intl. (EMSI).
The study used EMSI’s rich labor market database, which pulls from over 90 national and state employment resources and includes detailed information on employees and self-employed workers, to find the 18 top jobs for 2013, based on the occupations with the most jobs added since 2010.
“The list identifies occupations that are on an upward trajectory regarding employment,” says Matt Ferguson, chief executive of CareerBuilder. “Job seekers can gain insights into where companies are expanding and opportunities that are available.”
The occupation that has produced the most jobs post-recession: Software developer (applications and systems software). Since 2010, 70,872 jobs have been added (7% growth).”
Comments »Why Job Growth Is Overrated
If we are to agree with this article, then should we not refocus emphasis on education fined tuned to our new economy ? Also for all those who fall through the cracks in an ever changing economy, should we not also focus on ways to get citizens back into the labor force to become productive citizens ? As opposed to finding a service sector job for $8-$12 per hour ?
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